FAQs
Payments are designed to be secure by using just your U.S. mobile number or email address—not your bank account info—to send or receive money. Capital One doesn't charge fees for sending or receiving money with Zelle®.
Is Zelle free with Capital One? ›
Payments are designed to be secure by using just your U.S. mobile number or email address—not your bank account info—to send or receive money. Capital One doesn't charge fees for sending or receiving money with Zelle®.
How do I transfer money from my Capital One account to someone else's account? ›
Transfer funds
- Sign in to your account online or with the Capital One Mobile app. ...
- Select an account and choose “Transfer” or “Transfer Money” at the top of your account page.
- Choose the “From” and “To” accounts, frequency, the date you would like the transfer to take place, and enter the amount you'd like to transfer.
Sending a wire transfer
Wire transfers allow you to send large amounts of money quickly and securely. There is a $30 sender fee for all online wire transfers.
Does Zelle charge a fee? ›
Zelle® doesn't charge a fee to send or receive money. We recommend confirming with your bank or credit union that there are no fees for Zelle® transactions.
How does Zelle work through Capital One? ›
Once you have registered for the Service, you can send a one-time Money Transfer to another registered person using your Mobile Device or our online banking service platform by entering the registered e-mail address or registered mobile telephone number of that other person.
How does Zelle make money without fees? ›
To generate revenue, Zelle primarily focuses on transaction volume. While the service itself is free for users, Zelle charges a fee to financial institutions for facilitating transactions. This fee is typically a small percentage of the transaction amount, giving Zelle a steady stream of income.
Can I send $5000 through Zelle? ›
FAQs. Can I send $5,000 through Zelle? Most banks have daily sending limits that are less than $5,000. You can split up a $5,000 payment into transactions on multiple days to adhere to their limits.
What is the maximum transfer on Zelle? ›
Bank-specific Zelle transfer limits
| Financial Institution | Daily Limit |
|---|
| Bank of America (Member FDIC) | Up to 3,500 USD |
| Capital One | Up to 2,500 USD |
| Chase | Up to 2,000 USD for personal checking accounts |
| Citi | - Up to 500 USD for new enrollment accounts - Up to 2,500 USD for existing accounts |
1 more rowYou can transfer to and from your external bank accounts.
Before making a transfer to or from your external account, you'll need to make sure your external account has been linked up for transfers.
There are no charges or fees for using Free Savings Transfer. If a transaction exceeds the amount you have available in your designated savings account, it'll just be declined.
How do I avoid my Capital One fee? ›
To avoid an annual fee, you could apply for a card without one. If you currently have a card that has an annual fee, you might consider asking your card issuer whether they can switch you to a different card that doesn't have a fee. In that case, you may not get a refund for an annual fee you've already paid.
Can I transfer money from my Capital One account to another bank? ›
Yes. You can do this by using an online bank transfer app like Zelle®, by check, by wire transfer and more. You can also transfer money between your Capital One account and an external bank account.
What is downside of using Zelle? ›
Unlike many money transfer apps, Zelle does not charge a fee for instant transfers. Zelle transfers are generally secure, but the app does carry risks, including the risk of glitches at banks that can affect money transfers.
Who pays the fee on Zelle? ›
No cost. Zelle doesn't charge any fees to send or receive money, and it's unlikely that your bank will charge you a fee to use the service. The company does, however, recommend checking with your bank or credit union to make sure there are no additional fees. Fast money transfers.
Is Zelle considered a wire transfer? ›
As we've clarified, Zelle relies on ACH payment methods, as opposed to wire transfers. However, the platform also leverages its close connection with network banks to expedite processing making it seem closer to wire transfers in certain applications.
Can I use my Capital One card for Zelle? ›
It's easy to send and receive P2P payments from your Capital One bank account. One of the simpler and more convenient ways is to sign in to the Capital One mobile app and access Zelle® for free. You can also add your Capital One credit or debit card to PayPal or link your card to Google Pay.
What is the $500 limit on Zelle? ›
If your bank or credit union does not yet offer Zelle®, your weekly send limit is $500 and your weekly receive limit is $5,000 in the Zelle® app. Please note that you cannot request to increase or decrease your limits.
Is Capital One Zelle safe? ›
Peer-to-peer (P2P) payment apps offer simple and convenient ways to send and receive money. You might not call them P2P apps. But you're probably familiar with names such as Zelle®, PayPal®, Venmo, and Cash App. P2P apps are, by and large, very safe.
